Two House Democrats, Peter DeFazio of Oregon and Frank Pallone of New Jersey have introduced a resolution to withdraw the United States from the WTO. That follows Sen. Josh Hawley's resolution last week.
yesterday, i sent an email to the departing USTR spokesman to wish him luck. no reply. i also sent an email to the new USTR spokesman to say hello. no reply. so far, it's been a seamless transition.
.
@AmbassadorTai
warned Ethiopia could lose AGOA trade benefits over the "violations of internationally recognized human rights amid the ongoing conflict and humanitarian crisis in northern Ethiopia," USTR said in a readout of her meeting with Eithopian official today.
From USTR: "On Monday, October 4 at 10:00 AM, United States Trade Representative Katherine Tai will deliver a speech about the Biden-Harris Administration’s approach to the bilateral trade relationship with China." The speech will be at CSIS.
Today's Commerce report shows U.S. goods and services trade deficit in 2019 will either be first or second highest since 2008. Goods trade gap is down this year with Trump's main tariff target China, but up with Canada, Mexico, EU, Japan, SKorea, Malaysia, Argentina and Brazil.
A push by Sen. Josh Hawley (R-Mo.) for a historic Senate vote on whether the U.S. should withdraw from the World Trade Organization appears to have been scuttled by a new parliamentarian ruling.
First time I've filed a story from the hood of my car at a campsite in Florida (or anywhere else, for that matter). But hey, that's life in the Trump administration.
So, uh, there was no announcement from White House on Section 232 auto tariffs today. But if you DM me
@realDonaldTrump
, I'll try to get it in Morning Trade tomorrow.
#tradevalentines
My love is fair and reciprocal
But in other ways, she’s not typical
Her plurilateral ways
Leave me dazed and amazed
Like a collapsed WTO ministerial
I will never forgive Japan, Canada, Mexico, Peru, Chile, Singapore, Brunei, Vietnam, Malaysia, New Zealand and Australia for renaming the TPP the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Big news for one of DC's trade stalwarts.
@WTO
Director General Ngozi Okonjo-Iweala has picked longtime House Ways and Means Republican trade counsel Angela Ellard as one of her deputies.
Canadian Trade Minister
@mary_ng
today used the example of a hamburger and all its the North American ingredients - beef, lettuce, tomatoes and buns - to illustrate the usefulness of USMCA. But put a piece of cheese on that burger and I fear a fight could break out!
US union groups, who have bashed NAFTA for decades, all say Canada should be part of the pact. Not one of them to my knowledge is calling on Trump to withdraw. Nor do I know of any union or auto manufacturer calling for a 25 percent duty on autos made in Canada.
USTR has confirmed the first meeting of the USCMA Free Trade Commission will take place Mon and Tues. Three women --
@AmbassadorTai
,
@mary_ng
and
@tatclouthier
-- will lead the North American trade talks for the first time.
DC's Peterson Institute for International Economics has traded a new
@wto
deputy for an old one. PIIE's Anabel González is leaving for Geneva, while former DDG Alan Wolff has just joined the think tank. González is also Costa Rica's former trade minister.
Wow! I never thought I'd see the day when the National Association of Manufacturers urges Pence to consider using the 25th amendment to take control away from Trump. But that's what they did:
The US implementing bill for the deal that created the WTO allows Congress to vote on withdrawal every five years. The House voted in 2000 and 2005 on resolutions to withdraw from the WTO and both measures failed overwhelmingly. No lawmaker even asked for a vote in 2010 or 2015.
Was interesting to hear
@SecVilsack
call for renewal of Trade Promotion Authority today at a Virginia ag trade conference to finish talks with U.K., Kenya and possibly join the CPTPP. First time I've heard a Biden administration official say that.
Sen Josh Hawley's office (
@HawleyMO
) said they were initially told by Senate parliamentarian they filed their WTO withdrawal petition on Day 44 after USTR's report, providing a narrow window for the Senate to vote and Trump to sign even if Finance Committee sat on it for 45 days.
I've been offered an interview with Jennifer Anistons' hair colorist. Just trying to think of a trade angle. Maybe the hair dye comes from Europe or China?
Here's my retrospective on the Trump trade years. I tried to coin the portmanteau "Trumphizer," but couldn't get it past the desk... Turn it up to 11: Trump's trade carnage went beyond tariff wars via
@politico
Trump has officially delayed imposition of steel and aluminum tariffs for following countries until May 1: Argentina; Australia; Brazil; Canada; Mexico; the member countries of the European Union; and South Korea.
USTR has decided to take another 45 days to decide whether to reimpose Trump's tariffs on Chinese-made medical goods, such as facemask, gowns and higher-tech items.
US beef industry frustrated Congress still hasn’t approved Trump nominee Gregg Doud for chief US agricultural negotiator. They’re distributing these “missing” posters at NAFTA talks in Montreal.
What do people think? Did Year One for purchases under the U.S.-China trade deal start on Jan. 1 or on Feb. 14, when the deal actually went into force? I've asked
@USTradeRep
today to clarify, but no response yet. It's the tiny details like this that make my life so exciting.
Still puzzled by
@USTradeRep
's frequent refusal to provide even the most basic information. POLITICO, and other major news publications are reporting Lighthizer going to Mexico tomorrow for NAFTA signing, yet USTR will not even respond to queries on the subject.
Just heard about another trade podcast, so it's probably too late for me to join that bandwagon. But maybe I could start doing reaction videos to trade podcasts.
WITA "Trade Prom" gift bag included the Global Value Chain T-shirt, modelled here by Steve Lamar, executive VP of American Footwear and Apparel Association.
Wednesday is the first day of the
#USMCA
so that must mean Tuesday is the last day of
#NAFTA
. I wonder what what's the appropriate way to mark the passing of 26 1/2 year-old pact? And how are you going to be spending your last day in the NAFTA world?
Who's the number one duty payer in the United States? Columbia Sportswear says they used to be 53rd, but are now 71st because of the additional duties Trump has imposed on other imports. CBP knows who's No.1 but can't say. Is it you Walmart or Amazon?
Katherine Tai, the lead Ways and Means staffer who helped House Democrats craft a compromise USMCA deal with the Trump administration, gets her moment in the spotlight at today's committee hearing.
USTR releases Fed Reg notice to reduce 15 percent tariffs on about $120 billion worth of Chinese goods to 7.5 percent as part of deal signed today. It's effective Feb 14. So Happy Valentine's Day.
Trump just issued an EO given Mnuchin the authority to defer tariff payments "for importers suffering significant financial hardship because of COVID-19 ... other than those assessed pursuant to sections 1671, 1673, 1862, 2251, and 2411 of title 19, United States Code."
Anyone remember the President's Export Council? I'm pretty sure it last met in Sept. 2016 and has basically been defunct since. Well, Trump appointed six members tonight.
I had to laugh. An official government press office just responded to my email this way: "Off the record, what is your deadline? Thanks!" I told them tomorrow, but that's between you and me.
The National Foreign Trade Council Board of Directors today announced that NFTC Vice President Jake Colvin will serve as the organization’s new President effective October 1st. Mr. Colvin will replace Rufus Yerxa, who has served as President since 2016.
I ate octopus balls for the first time tonight at the request of a Japanese film crew; then i described the experience to a second Japanese film crew who asked if i had eaten anything interesting.
#G20OsakaSummit
For a free print of this trade team picture to hang in your home or office, correctly guess the number of House Democrats and Republicans to vote for USMCA today.
It was so much fun working with you
@mmcassella
. Best of luck at Barron's. That disc is suitable for framing. Or tucking into a dark closet. Up to you!
Among all the bittersweet parts of leaving a job, one of the best was that it meant
@tradereporter
officially inducted me into the unofficial World Association of Reporters who cover Trade. A true honor!!
Geneva trade official says he expects ministers to approve a package of new WTO trade agreements later this evening, but work is still underway in many areas of negotiations at
#MC12
Funny sign to see in the background of a US official speaking at USDA's annual agricultural outlook. However, I'm certain it's placed there ironically since the speaker stressed the importance of a rules-based trading system to US farmers.
From USTR: "The Biden-Harris Administration is pleased to express its strong support for the candidacy of Dr. Ngozi Okonjo-Iweala as the next Director General of the WTO."
I see that Generalized System of Preferences renewal is contained in the omnibus, but not the Miscellaneous Tariff Bill. Another trade mystery to unravel tomorrow.
A White House spokeswoman confirmed they have received the Section 232 national security report on aluminum beginning a 90-day period for Trump to make a decision.
I still don't understand why it's important from a US perspective that AMLO be spared from signing the NAFTA deal. I've asked USTR and they haven't explained.
Past
@USTradeRep
spokespeople Matt McAlvanah, Trevor Kincaid, Carol Guthrie, Sean Spicer, Richard Mills, Debbie Mesloh, Christin Baker, Nefeterius McPherson, Gretchen Hamel, Neena Moorjani and others in the past 20 years: Thanks for answering emails and returning phone calls.
Nadia Bourély, minister counsellor for economic and trade policy at the Canadian embassy in Washington, testified today against the U.S. imposing restrictions on blueberry imports. I know this is dumb, but now I feel compelled to mention you can't spell Canadian without Nadia.
My New Year's wish for
@USTradeRep
and
@SecretaryRoss
: Please do as past officials in your position have done and release a weekly list of your upcoming meetings with foreign officials and other meetings of public interest.
USTR has bowed to pressure and agreed to schedule public hearings in a pair of Section 301 investigations targeting Vietnam’s currency practices and alleged use of illegally harvested lumber, according to a pair of Federal Register notices set for publication tomorrow.
There's a lot of bragging on the internet, claiming scoops for micro-developments on the China deal that will never quite live up to its billing or the USMCA deal that is basically a nothing-burger. But in mind, there's no beating
@ABehsudi
, or
@mmcassella
or
@sabrod123
IT’S THURSDAY, JUNE 25! Welcome to Morning Trade, where we’re excited to share that we have a new member on the team. Say hi to Gavin Bade. Be sure to give him a friendly welcome to the trade world! Follow him at:
@GavinBade
I was a very brave boy today and went to the dentist. This Dr. Suess-looking machine sucked all the bad stuff out of the air, and the dental assistant wore an N99 mask. That's 4Ns more than I knew existed!
@USTradeRep
announces at 7:30 pm on Friday that Trump is suspending $1.3 billion in trade benefits for Thailand, while restoring some suspended trade benefits for UKRAINE.
As expected, South Africa and India's Covid-19 IP waiver request remained stuck today at
@wto
TRIPS Council meeting. But the co-sponsors have agreed to look at revising their proposal to try to find common ground, a Geneva trade official said.
Big Harley ad in the Washington Post today about the EU's retaliatory tariff increase in June. HD is just one of the many companies that remains entangled in Trump’s trade wars.
Business Roundtable CEO Josh Bolten urges Trump/Lighthizer to drop U.S. demands blocking NAFTA deal. "Our call to the U.S. trade representative is those things that you're holding out for not only aren't necessary, but they don't improve NAFTA. They degrade it," Bolten said.
1 of 2: More from a USTR official on Tai's China speech: "The speech will detail initial steps in the Administration’s comprehensive, long-term effort to re-align the bilateral economic relationship and defend American workers, farmers, and businesses."
A short poem in honor of the news Joni Mitchell is receiving a Kennedy Center award: "I've looked at trade from both sides now, from up and down and still somehow, it's trade illusions that I recall. I really don't know trade at all."
@USTradeRep
Lighthizer today on the WTO Appellate Body: "No one's really missed it. No one's missed it at all." And the alternative court set up by the EU and others is "like an appellate body after you have couple of cocktails." Just fyi.
Kind of hard to invest the energy to learn about the seven areas of ag negotiations covered by the draft WTO text when I'm so very skeptical that anything that might be decided will make any difference on production or trade flows. But I guess I'll try.
Hey gang! Remember this Trump quote from 2017, talking about the NAFTA negotiations? "We have a very outstanding trade relationship with Canada. We'll be tweaking it. We'll be doing certain things that will benefit both of our countries."
So, Trump said today that imports of autos and auto parts do not pose national security threat, but the U.S. balance sheet does. Does that mean he can impose Section 232 duties on anything he wants? No answers on that front from Commerce or White House.
From
@JoeBiden
's inauguration speech: "We will repair our alliances and engage with the world once again. Not to meet yesterday's challenges, but today's and tomorrow's challenges. And we'll lead, not merely by the example of our power, but by the power of our example."